Divx Connected- DivX Connected is a new platform for delivering high-quality digital media (video, music and photos), online services and other content from the PC to the TV over a wired or wireless home network.

With a DivX Connected device nestled in your living room, you can easily stream high-quality media from your PC and the Internet directly to your TV. If it helps, you can think of it as an invisible umbilical cord connecting your TV to the largest repository of content in the world via the Internet, not to mention the most important content in the world in the form of your home movies and other personal media from your hard drive.

My favorite thing so far is the plugins you can get for it. For example, there is a Google Maps plugin and a Flickr Plugin to browse and manage photos. And as far as compatibility goes you won’t be disappointed: Supported Media Formats
DivX* Xvid with MP3 or PCM audio* WMV9 (transcoded on PC)* MP3 (up to 320kbps)* MP3 Playlist*WMA (transcoded on PC)* JPEG (grayscale, RGB & YCbCy only)* JPEG 2000* BMP (non-compressed)

Even if it is lacking Mpeg4 and H.264 support, it is a step in the right direction. Head on over to Divx.com/connected for more details